Clinton Cards PLC - Interim Management Statement

RNS Number:0466I

Clinton Cards PLC

20 November 2007

20 November 2007

CLINTON CARDS PLC

Interim Management Statement

Like for like sales for the 16 weeks to 18 November for the Group increased by

2.0%. This comprised an increase in the Clinton brand of 1.6% and an increase in

the Birthdays brand of 3.1%.

At the time of our preliminary results on 9 October 2007 we reported like for

like sales increases for the nine week period for Clintons and Birthdays of 2.0%

and 4.8% respectively. Reasonably good sales in that period did not continue

into October which mirrors the experience of other retailers on the High Street.

The all important Christmas trading period is now upon us and we are confident

about the product offering in both brands. We look forward to reporting our

progress over the Christmas period in mid January.

Since the beginning of the financial period we have opened 14 new stores and

closed 17 stores resulting in 1,069 stores trading on 18 November 2007. This

comprised 718 Clinton stores and 351 Birthdays stores. Two Clinton stores and

one Birthdays store were relocated.

In our last Report and Financial Statements there was a reference to a

contingent liability for proceedings issued against the Company with the matter

due to be heard in Court during November. We are pleased to report that the

matter was settled out of Court with the claimant accepting the amount paid into

Court in March 2006 amounting to #95,000. Agreeing to this was felt preferable

to the uncertainty of litigation. This amount and other legal fees were written

off as incurred and will therefore not effect the current financial period.

ENDS

Enquiries:

Clinton Cards PLC 020 8502 3711

Clinton Lewin, Group Managing Director

Barry Hartog, Group Finance Director

Weber Shandwick Financial 020 7067 0700

Nick Dibden / Charlie Hooper

This information is provided by RNS

The company news service from the London Stock Exchange

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